Short Interest in SOBR Safe, Inc. (NASDAQ:SOBR) Drops By 53.3%

SOBR Safe, Inc. (NASDAQ:SOBR) was the recipient of a large drop in short interest during the month of February. As of February 15th, there was short interest totalling 116,800 shares, a drop of 53.3% from the January 31st total of 250,200 shares. Approximately 28.7% of the company’s shares are sold short. Based on an average trading volume of 4,090,000 shares, the days-to-cover ratio is currently 0.0 days.

SOBR Safe Trading Down 8.4 %

Shares of SOBR stock traded down $0.07 during trading hours on Friday, reaching $0.76. 1,793,604 shares of the stock were exchanged, compared to its average volume of 4,755,680. The firm has a market capitalization of $700,720.00, a price-to-earnings ratio of -0.01 and a beta of 0.63. SOBR Safe has a 12-month low of $0.71 and a 12-month high of $87.95. The company’s 50-day moving average price is $0.98 and its 200-day moving average price is $2.56.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in SOBR Safe stock. Cetera Investment Advisers purchased a new position in shares of SOBR Safe, Inc. (NASDAQ:SOBR) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 71,000 shares of the company’s stock, valued at approximately $82,000. Cetera Investment Advisers owned about 7.72% of SOBR Safe as of its most recent filing with the Securities and Exchange Commission. Hedge funds and other institutional investors own 7.93% of the company’s stock.

About SOBR Safe

SOBR Safe, Inc, a hardware and software company, develops non-invasive alcohol detection, biometric identity verification, and real-time cloud-based alerts and reporting systems in North America. The company provides SOBRcheck, a stationary identification and alcohol monitoring product; and SOBRsure, a transdermal, alcohol-detecting wearable band.